I hereby declare anyone who thinks the merc banner looks good ingame an idiot.
Seriously, it could be good if it was made to look more two dimensional and probably a bit less detailed too. I'm not even saying this because I find it bothering my larping or anything - I totally endorse the tuxedo banner and I'd love to use my super awesome Finnish Prime Minister banner. The thing is, the Merc banner gives the feeling that some 12 year old pasted some "cool" 3d render because he can't make anything decent.
The logo is pretty cheesy, which is hopefully the point. It suits well for videos and whatnot, but as a cRPG banner it's ugly as fuck and a great way to troll since it isn't threathened by removal like most banners that try to troll and are actually pretty unimaginative attempts at that. Honestly though instead of crying about people having bad banners or banners that disturb your larping, I think it'd be more awesome for the game if any banner except the most blatant diarrhea people spew would be acceptable.
I'd be proud to whack shit with an internet weapon while wearing these pixels after all: